Naira down to N1,405 in parallel market

By Elizabeth Adegbesan The Naira yesterday depreciated to N1,405 per dollar in the parallel market from N1,400 per dollar on Monday. Likewise, the naira depreciated to N1,379 per dollar in the Nigerian Foreign Exchange Market, NFEM. Data from the Central Bank of Nigeria,  CBN, showed that the indicative exchange rate for the market rose slightly […] The post Naira down to N1,405/$ in parallel market appeared first on Vanguard News .